About
Suraj Limited manufactures and sells stainless steel seamless pipes, tubes, U tubes, flanges, and fittings in India. It offers seamless instrumentation tubes, seamless heat exchanger tubes, seamless heat exchanger U tubes, and seamless buttweld fittings, as well as tubes, electro polished tubes, flanges and stub ends, carbon steel tubes, and forged rings. The company serves pharmaceuticals, dyes and pigments, oil, gas, refinery, etc. industries. It exports its products to approximately 70 countries. Suraj Limited was founded in 1960 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap371 Cr
P/E44.60
Div Yield0.74 %
Book Value₹75.00
52w High₹373.00
52w Low₹192.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39.03 | 43.43 | 61.88 | 50.19 | 50.34 | 58.75 | 63.61 | 56.64 | 54.74 | 76.17 | 93.09 | 84.92 | 76.49 |
| Expenses | 32.60 | 42.30 | 56.70 | 46.52 | 45.50 | 62.96 | 50.51 | 48.31 | 45.71 | 64.92 | 81.60 | 77.44 | 67.24 |
| Operating Profit | 6.43 | 1.13 | 5.18 | 3.67 | 4.84 | -4.21 | 13.10 | 8.33 | 9.03 | 11.25 | 11.49 | 7.48 | 9.25 |
| OPM % | 16.47 | 2.60 | 8.37 | 7.31 | 9.61 | -7.17 | 20.59 | 14.71 | 16.50 | 14.77 | 12.34 | 8.81 | 12.09 |
| Other Income | 1.23 | 2.83 | 0.65 | 1.51 | 2.57 | 1.66 | 0.73 | 3.49 | 1.98 | 1.45 | 1.07 | 1.41 | 0.38 |
| Depreciation | 1.39 | -1.16 | 2.74 | 2.88 | 2.83 | 2.88 | 2.77 | 2.55 | 2.70 | 2.58 | 2.40 | 2.24 | 2.16 |
| Interest | 1.14 | 1.20 | 1.13 | 0.83 | 1.21 | 2.02 | 1.18 | 0.80 | 0.73 | 1.38 | 0.78 | 0.85 | 0.66 |
| Profit before tax | 5.13 | 3.92 | 1.96 | 1.47 | 3.37 | -7.45 | 9.88 | 8.47 | 7.58 | 8.74 | 9.38 | 5.80 | 6.81 |
| Tax % | 30.21 | 35.97 | 30.10 | 43.54 | 18.69 | -20.54 | 28.64 | 23.73 | 24.80 | 30.55 | 28.25 | 27.07 | 29.22 |
| Net Profit | 3.59 | 2.52 | 1.38 | 0.83 | 2.74 | -5.92 | 7.06 | 6.47 | 5.70 | 6.07 | 6.74 | 4.23 | 4.81 |
| EPS in Rs | 1.95 | 1.37 | 0.75 | 0.45 | 1.49 | -3.22 | 3.84 | 3.52 | 3.10 | 3.31 | 3.67 | 2.30 | 2.62 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2007 |
|---|---|---|---|---|---|---|---|
| Sales | 206.00 | 234.00 | 331.00 | 367.00 | 182.00 | 207.00 | 217.00 |
| Expenses | 190.00 | 205.00 | 291.00 | 332.00 | 164.00 | 191.00 | 196.00 |
| Operating Profit | 16.00 | 28.00 | 39.00 | 35.00 | 18.00 | 17.00 | 21.00 |
| OPM % | 8.00 | 12.00 | 12.00 | 10.00 | 10.00 | 8.00 | 10.00 |
| Other Income | 6.00 | 6.00 | 4.00 | 6.00 | 0.00 | 0.00 | 1.00 |
| Interest | 4.00 | 5.00 | 4.00 | 4.00 | 10.00 | 10.00 | 7.00 |
| Depreciation | 7.00 | 11.00 | 9.00 | 8.00 | 7.00 | 6.00 | 3.00 |
| Profit before tax | 11.00 | 18.00 | 31.00 | 29.00 | 1.00 | 1.00 | 12.00 |
| Tax % | 30.00 | 28.00 | 30.00 | 30.00 | -48.00 | 62.00 | 34.00 |
| Net Profit | 7.00 | 13.00 | 22.00 | 20.00 | 1.00 | 0.00 | 8.00 |
| EPS in Rs | 4.07 | 7.24 | 11.72 | 10.96 | 0.73 | 0.19 | 4.78 |
| Dividend Payout % | 37.00 | 21.00 | 13.00 | 0.00 | 0.00 | 0.00 | 10.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2007 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 18.00 | 18.00 | 18.00 | 18.00 | 19.00 | 19.00 | 6.00 |
| Reserves | 119.00 | 115.00 | 104.00 | 85.00 | 68.00 | 66.00 | 30.00 |
| Borrowings | 60.00 | 64.00 | 34.00 | 22.00 | 99.00 | 112.00 | 68.00 |
| Other Liabilities | 28.00 | 25.00 | 29.00 | 20.00 | 12.00 | 16.00 | 31.00 |
| Total Liabilities | 226.00 | 222.00 | 186.00 | 146.00 | 198.00 | 213.00 | 135.00 |
| Fixed Assets | 89.00 | 89.00 | 85.00 | 60.00 | 57.00 | 61.00 | 45.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 15.00 | 15.00 | 14.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 122.00 | 118.00 | 87.00 | 86.00 | 141.00 | 153.00 | 90.00 |
| Total Assets | 226.00 | 222.00 | 186.00 | 146.00 | 198.00 | 213.00 | 135.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2007 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 17.00 | -9.00 | 41.00 | 45.00 | 27.00 | 14.00 | -18.00 |
| Cash from Investing Activity | -6.00 | -14.00 | -47.00 | -19.00 | -2.00 | -1.00 | -17.00 |
| Cash from Financing Activity | -11.00 | 23.00 | 6.00 | -26.00 | -24.00 | -14.00 | 38.00 |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | -1.00 | 3.00 |
| Free Cash Flow | 11.00 | -23.00 | 7.00 | 26.00 | 24.00 | 12.00 | -35.00 |
| CFO/OP % | 106.00 | -20.00 | 136.00 | 151.00 | 156.00 | 90.00 | -72.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2007 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 65.00 | 51.00 | 38.00 | 33.00 | 61.00 | 74.00 | 32.00 |
| Inventory Days | 178.00 | 133.00 | 39.00 | 38.00 | 231.00 | 220.00 | 117.00 |
| Days Payable | 48.00 | 31.00 | 22.00 | 7.00 | 15.00 | 20.00 | 39.00 |
| Cash Conversion Cycle | 195.00 | 153.00 | 55.00 | 64.00 | 277.00 | 273.00 | 110.00 |
| Working Capital Days | 52.00 | 31.00 | 11.00 | 43.00 | 54.00 | 41.00 | 96.00 |
| ROCE % | 7.00 | 13.00 | 24.00 | — | 6.00 | — | — |
Corporate Actions
14 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 23 Jan 2026 | 23 Jan 2026 | — | 1.50 | |
| Dividend | 10 Feb 2025 | 10 Feb 2025 | — | 1.50 | |
| Dividend | 31 Jan 2024 | 31 Jan 2024 | — | 1.50 | |
| Other | 18 Aug 2022 | 20 Aug 2022 | — | — | Buy Back of Shares |
| Dividend | 09 Jul 2015 | — | — | 1.50 | |
| Dividend | 12 Aug 2014 | — | — | 1.50 | |
| Dividend | 22 Aug 2013 | — | — | 1.50 | |
| Dividend | 13 Sep 2012 | — | — | 1.50 | |
| Dividend | 08 Sep 2011 | — | — | 1.50 | |
| Dividend | 15 Nov 2010 | — | — | 1.50 | |
| Dividend | 27 Aug 2009 | — | — | 1.50 | |
| Dividend | 05 Sep 2008 | — | — | 1.50 | |
| Bonus | 14 Sep 2007 | 17 Sep 2007 | 2:1 | — | |
| Dividend | 02 Aug 2007 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 Jun 2023 from crisil
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Rating update26 May 2023 from crisil
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Rating update26 Sep 2022 from crisil
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Rating update31 May 2022 from crisil
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Rating update28 May 2021 from brickwork
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Rating update26 Mar 2021 from crisil